According to BlockBeats, on August 10, the on-chain detective ZachXBT posted on social media that 4 addresses made a profit of 3.8 million U.S. dollars from the pump and dump of RTR. Among them, the addresses starting with 9G1ELG and GHoW2 obviously belonged to the same person. These two addresses received 500 SOL new funds within a few minutes after TGE.
BlockBeats previously reported that Restore The Republic (RTR) held a TGE on the evening of August 8. The community rumored that it was related to the Trump family's new project. The token RTR hit a high of $0.156 at 0:00 on August 9. Subsequently, Eric Trump, Trump's second son and current executive vice president of the Trump Group, posted a message on social media to remind people to "be careful of fake tokens. The only official Trump project has not yet been announced, and the news will be announced on Twitter as soon as possible." After the statement was released, RTR quickly fell by about 95%, and the trading volume reached $164 million in just 15 hours after its birth.
